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Message: INTERNATIONAL MONTORO RESOURCES INC. ("IMT")BULLETIN TYPE: Private Placement-Non-Broker... DATE: January 08, 2018TSX Venture Tier 2 Company

INTERNATIONAL MONTORO RESOURCES INC. ("IMT")BULLETIN TYPE: Private Placement-Non-Broker... DATE: January 08, 2018TSX Venture Tier 2 Company

posted on Jan 08, 2018 11:06PM

 

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 20, 2017:

    Number of
     Shares:                           3,900,000 shares


    Purchase
     Price:                                                     $0.05 per share


    Warrants:                           3,900,000 share purchase
                                        warrants to purchase
                                        3,900,000 shares


    Warrant
     Exercise
     Price:                                         $0.10 for a two year period


    Number of
     Placees:                          12 Placees


    Insider / Pro Group Participation:


    Name                               Insider=Y /                              # of Shares
                                       ProGroup=P

    Donna Terrill                      Y                                            100,000

    Bruce Bried                        Y                                            400,000


    Aggregate Pro
     Group
     Involvement                       P                                            550,000

      [ 3 Placees ]


    Finder's Fee:                       Haywood Securities, Inc.
                                        -$1,600 cash and 32,000
                                        finder's warrants

                                        PI Financial Corp. -
                                        $4,000 cash and 80,000
                                        finder's warrants

                                        Finder's warrants are
                                        exercisable at a price
                                        of $0.10 for a period of
                                        2 years

Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company must issue a news release dated January 5, 2018 announcing the closing of the private placement and setting out the expiry dates of the hold periods. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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